Business Acumen for Project Managers

In today's competitive marketplace, it's not enough for a project manager to know how to implement the latest project management methodologies. To excel in the role, you must understand how business really works, and how to align your project with the larger purpose of your organization. In this course, learn core strategic and business management skills that can help to bolster your business acumen.

Instructor Daniel Stanton begins the course by reviewing the key skills highlighted in the Project Management Institute (PMI) Talent Triangle, and explaining how strategy and business management fit into your professional development. Next, he explains how to align your project with the priorities of your organization, and effectively communicate the goals, benefits, and risks of your project to your stakeholders. Then, he walks through the different business functions in an organization, including marketing and sales, supply chain management, human resources, and information technology. To wrap up, Daniel explains how to leverage your business acumen to collaborate effectively with individuals throughout your organization.

Learning objectives
Identify the role of business acumen in the PMI Talent Triangle.
Recognize that projects are how businesses implement changes.
Explore the characteristics of a SMART goal.
List several business benefits of good customer service.
Identify common financial documents.
Review common financial analysis methods.
Recall the three common approaches to continuous process improvement.
Identify the differences between strategic, tactical, and operational goals.